The Maui wildfires and the overlooked risks from damaged infrastructure
Victor Blanco Gonzalez, Senior Foresight & Advisors Manager at Swiss Re Institute, explains how natural catastrophes like tropical cyclones, severe convective storms, or wildfires impact critical infrastructure.
The 2023 Maui wildfires illustrate the overlooked risks from damaged infrastructure, causing disruptions to power grids, communication networks, transport systems, or water systems. These pose a growing risk to insurers. Gonzalez stresses the need for insurers to understand and prepare for these risks. Watch the video to see which business lines might be affected.
📡Dive deeper into the cascading effects of natural catastrophes in our SONAR 2024 report on new emerging risks: https://www.swissre.com/institute/res...
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Swiss Re
The Swiss Re Group is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. It anticipates and manages risk – from natural catastrophes to climate change, from ageing populations to cyber crime. The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients. Headquartered in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of around 80 offices globally.
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